Hyosung
Hyosung Corporation, a prominent player in the global manufacturing sector, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1966, Hyosung has established itself as a leader in various industries, including textiles, chemicals, and industrial machinery. The company is renowned for its innovative core products, such as high-performance textiles and advanced industrial equipment, which are distinguished by their quality and technological advancements. Hyosung's commitment to sustainability and efficiency has positioned it favourably in the market, earning accolades for its eco-friendly practices and cutting-edge solutions. With a strong emphasis on research and development, Hyosung continues to drive growth and maintain its competitive edge in the global marketplace.
DitchCarbon Score
How does Hyosung's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hyosung's score of 50 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyosung's reported carbon emissions
In 2023, Hyosung Corporation reported total carbon emissions of approximately 303,184,000 kg CO2e, comprising 284,833,000 kg CO2e from Scope 1 and 514,221,000 kg CO2e from Scope 2 emissions. Notably, Hyosung has set ambitious targets to reduce its emissions, aiming for a 14.5% reduction in Scope 1 and 2 emissions by 2030, relative to 2018 levels. This translates to an annual reduction of about 1.2%. Additionally, Hyosung Advanced Materials Corporation has committed to a more aggressive target of reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 baseline. They also plan to cut Scope 3 emissions from purchased goods and services and fuel- and energy-related activities by 25% within the same timeframe. Furthermore, by 2028, they aim for 60% of their suppliers, by spend, to have science-based targets. Hyosung's long-term vision includes achieving carbon neutrality by 2050, with specific transition plans under development. The company is actively working towards these commitments, reflecting a strong dedication to sustainability and climate action.
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Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 223,097,600 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,051,955,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyosung is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
